UPDATE: Report That Germany Is About To Implement Its Own Financial Transaction Tax Is "Extremely Exaggerated"

If the whole of Europe won't get on board with a financial
transaction tax, then Germany will go it alone, reports The Local.

(UPDATE: "The comment is extremely exaggerated
and sounds guided by interest. There is a draft directive of the
EU Commission on the table, [and] France, Belgium, Austria,
Greece and others want the tax, too. So there is no reason
to speak of Germany against the rest of the world," our friend in
Germany, Peter
Wahl, who works at Weed-Online, tells
Clusterstock's Courtney Comstock.)

Finance minister, Wolfgang Schauble has said that
the country will try and implement its own tax if the rest of
Europe will not follow suit.

However, the idea of the tax has not seen such a warm reception
around the continent. Swedish officials have pointed out that
when their country tried a similar tax in the 1980s, about
90 percent of businesses left Stockholm.

Additionally, opponents of the tax have noted that it could cause
more sovereign debt, force deals to be made off-market (meaning
unregulated) and decrease the competitiveness of the
Eurozone. The
UK in particular has been vocal against the tax.